Jin Yue Holdings (00070) is forecasting an annual loss of approximately HK$21 million

According to the Zhitong Finance App, Jinyue Holdings (00070) announced that the Group expects to make a loss of approximately HK$21 million in the fiscal year ending June 30, 2026 (fiscal year 2026), while the financial year ending June 30, 2025 (fiscal year 2025) is about HK$102 million.

The expected decrease in losses for the 2026 fiscal year is mainly due to the recovery of impairment losses of approximately HK$3 million in the 2026 fiscal year, rather than the impairment loss of approximately HK$39 million in the 2025 fiscal year; the Group's investment property fair value loss decreased by approximately HK$28 million compared to the 2025 fiscal year; and the impairment provision and write-off of the Group's loans receivable and interest receivable decreased by approximately HK$8 million compared to the 2025 fiscal year. The above impairment loss reimbursement, fair value loss, impairment provision and write-off are all non-cash accounting treatment items that meet the Hong Kong Financial Reporting Standards accounting standards, and each has no impact on the Group's operating cash flow.